Summary
- The Crypto Fear & Greed Index scored 74, indicating a high level of greed in the market.
- Bitcoin touched $110,000 overnight but has since given up some of its gains, currently at $109,403.
- Altcoins showed mixed trends, suggesting market uncertainty.
According to the cryptocurrency data provider Alternative on the 27th, the Crypto Fear & Greed Index scored 74, up 1 point from the previous day.
As of 9:05 a.m. today, Bitcoin (BTC) is trading at $109,403 on CoinMarketCap, up 0.40% from the previous day. Around 1 a.m. overnight, Bitcoin announced its return to $110,000, but it has since given up some of its gains.
Altcoins showed mixed trends. Ethereum (ETH) rose by 0.35%, while Ripple (XRP) and Solana (SOL) fell by 1.44% and 0.60%, respectively. Other cryptocurrencies like Binance Coin (+0.63%), Dogecoin (+0.27%), Cardano (-0.23%), and Tron (+0.68%) also showed mixed trends.
The Fear & Greed Index is an indicator that expresses market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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